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Evaluate the importance of modern banking in the economic


Write an essay of maximum 2,000 words on the following topic*:

Evaluate the importance of modern banking in the economic process. In the context of the Global Financial Crisis, what potential costs may banks impose on society. Critically assess why such costs emerge in the first place.

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Finance Basics: Evaluate the importance of modern banking in the economic
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This assignment contains information in regard to the modern banking system. It acts as the base for fostering the economic growth in the economy. Hence it also helps as providing connection between different sectors of economy. The global financial crisis had led to imposition of different cost on the society and they are being imposed in order to financial stability.

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